Enbridge FY2025 EPS Raised by National Bank Financial

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities research analysts at National Bank Financial increased their FY2025 earnings estimates for Enbridge in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.10 for the year, up from their previous forecast of $3.00. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2028 earnings at $3.43 EPS.

ENB has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. CIBC increased their target price on shares of Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Finally, Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$61.33.

Enbridge Trading Down 0.5 %

Shares of TSE ENB opened at C$62.99 on Wednesday. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$63.40. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The business’s 50 day moving average is C$60.00 and its two-hundred day moving average is C$55.44. The stock has a market capitalization of C$137.32 billion, a P/E ratio of 24.23, a PEG ratio of 1.72 and a beta of 0.90.

Insider Transactions at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate insiders own 0.10% of the company’s stock.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.99%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is currently 140.77%.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.